ZoomInfo Technologies (NASDAQ:ZI) Price Target Raised to $15.00 at Canaccord Genuity Group

ZoomInfo Technologies (NASDAQ:ZI) had its target price boosted by Canaccord Genuity Group from $14.00 to $15.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. KeyCorp lowered shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Citigroup raised their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research note on Tuesday, February 11th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Morgan Stanley raised their price objective on shares of ZoomInfo Technologies from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.88.

ZoomInfo Technologies Trading Up 23.1 %

ZoomInfo Technologies stock opened at $11.73 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 391.13, a price-to-earnings-growth ratio of 13.05 and a beta of 1.01. ZoomInfo Technologies has a 1 year low of $7.65 and a 1 year high of $17.45. The firm’s 50 day moving average price is $10.25 and its two-hundred day moving average price is $10.33.

ZoomInfo Technologies (NASDAQ:ZI) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The firm had revenue of $309.10 million during the quarter, compared to analyst estimates of $297.64 million. On average, research analysts predict that ZoomInfo Technologies will post 0.59 EPS for the current fiscal year.

Insider Activity

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the transaction, the director now owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at $1,306,435.59. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ZoomInfo Technologies during the 3rd quarter worth about $37,000. Fifth Third Bancorp increased its holdings in shares of ZoomInfo Technologies by 47.8% during the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after purchasing an additional 1,241 shares during the period. GAMMA Investing LLC increased its holdings in shares of ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock worth $64,000 after purchasing an additional 4,735 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in shares of ZoomInfo Technologies by 183.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 8,441 shares of the company’s stock worth $89,000 after purchasing an additional 5,468 shares during the period. Institutional investors own 95.47% of the company’s stock.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.